Factors influencing decisions on what goods and services to produce.
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Reasons justifying the use of economic barriers to control free trade.
Name four possible barriers to international trade. (4mks)
Four possible barriers to international trade.
A country may experience an improvement in terms of trade if:
Explain five benefits that Kenya may get as a member of C.O.M.E.S.A.
Benefits that Kenya may get as a member of COMESA include:
Explain five disadvantages that a country would suffer if she restricted trade with other countries.20/12/2020 Explain five disadvantages that a country would suffer if she restricted trade with other countries.
Disadvantages that a country would suffer if she restricted trade with other countries include:
Disadvantages that a developing country may suffer by liberalizing foreign trade
Disadvantages that a developing country may suffer by liberalizing foreign trade include.
Outline four reasons why countries may trade with each other.
Reasons why countries may trade with each other include:
Explain five factors that an entrepreneur would consider when evaluating a business idea.16/12/2020 Explain five factors that an entrepreneur would consider when evaluating a business idea.
Factors that an entrepreneur would consider when evaluating a business idea
include:
State the meaning of the following terms of sale as used in international trade:LOCO,C.I.F,F.A.S and F.O.Q
Terms of sale as used in international trade.
Explain five measures that the government may take to improve the volume of exports ( 10 mks)14/12/2020 Explain five measures that the government may take to improve the volume of exports
Measures that the government may take to improve the volume of exports
Outline four ways in which commercial attaches may promote trade between their country and other countries
Commercial attaches promote trade in the following ways:
Explain six circumstances under which a country may restrict international trade. (12 marks)13/12/2020 Explain six circumstances under which a country may restrict international trade.
Circumstances under which a country may restrict international trade.
Benefits which may accrue to Kenya by being a member of the African Development Bank (AFDB)
Benefits that Kenya may enjoy by being a member of the African Development Bank (ADB/AFDB) include:
State four reasons why countries may decide to trade with each other.
Explain five disadvantages that a country may experience from imposing trade restrictions on trading partners.
Vertical Divider
Name the documents described by the statements given below as used in International Trade:9/12/2020
Name the documents described by the statements given below as used in International Trade: (4 marks)
Expected Response
The documents described by the given statements are:
Circumstances under which a country may realise surplus in its balance of payments
Circumstances under which a country may realize surplus in its balance of payment include:
Outline four ways in which the balance of payments of a country may be improved. (4 marks)27/11/2020 Ways in which the balance of payments of a country may be improved
Measures that can be taken to increase the volume of exports
AnswerFunctions of the Department of external trade in the ministry of Industry, Trade and Co-operatives include:
AnswerCircumstances under which each of the terms of trade would be applied in foreign trade are:
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